Bank of New York Mellon Corp Raises Stake in The Middleby Corporation $MIDD

Bank of New York Mellon Corp lifted its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 431,007 shares of the industrial products company’s stock after buying an additional 6,378 shares during the period. Bank of New York Mellon Corp owned approximately 0.92% of Middleby worth $57,143,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec raised its stake in Middleby by 2.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,317 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 91 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of Middleby by 64.2% in the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 102 shares during the period. Evoke Wealth LLC raised its stake in shares of Middleby by 5.8% during the fourth quarter. Evoke Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 107 shares during the last quarter. Cresset Asset Management LLC raised its stake in shares of Middleby by 7.6% during the third quarter. Cresset Asset Management LLC now owns 1,509 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 107 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of Middleby by 201.8% during the fourth quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Middleby Trading Up 0.1%

Shares of Middleby stock opened at $131.14 on Friday. The company has a 50-day moving average of $153.27 and a two-hundred day moving average of $150.50. The Middleby Corporation has a 12-month low of $110.82 and a 12-month high of $180.13. The company has a current ratio of 1.96, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.93 billion, a PE ratio of -15.46 and a beta of 1.33.

Middleby (NASDAQ:MIDD) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.22. The business had revenue of $839.91 million for the quarter, compared to analysts’ expectations of $777.19 million. Middleby had a positive return on equity of 15.94% and a negative net margin of 11.46%.The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 EPS. Middleby has set its FY 2026 guidance at 9.540-9.700 EPS and its Q2 2026 guidance at 2.270-2.390 EPS. On average, research analysts anticipate that The Middleby Corporation will post 9.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MIDD shares. Oppenheimer initiated coverage on shares of Middleby in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $205.00 price objective on the stock. KeyCorp set a $152.00 price objective on shares of Middleby in a research report on Tuesday, July 14th. Robert W. Baird lowered Middleby from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Jefferies Financial Group dropped their target price on Middleby from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Middleby from a “hold” rating to a “buy” rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Middleby has a consensus rating of “Moderate Buy” and a consensus price target of $173.88.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.